PayPal Account Hold Class Action Settlement
You are a member of the Injunctive Relief Class if you are a current or former user of PayPal in the United States who had an active PayPal account between April 19, 2006 and November 5, 2015. You are a member of the Claims Class if you are a current or former user of PayPal in the United States who: (1) had an active PayPal account between April 19, 2006 and November 5, 2015; and (2) had a hold or reserve placed on the account and/or the account was closed or suspended by PayPal. Excluded from the Claims Class are judicial officers presiding over this action and the members of their immediate families and judicial staff. All Claims Class Members also are Injunctive Relief Class Members. The Injunctive Relief Class and the Claims Class are referred to together as the “Settlement Class.”
$3-$440 UPDATE:As of July 11, 2017, all appeals have been resolved. The Settlement Administrator is now in the process of reviewing all claims previously submitted. Payments for all valid claims will be sent by no later than October 24, 2017.
Proof of Purchase
Zepeda v. PayPal Settlement Case No. 10-CV-02500 SBA District Court for the Northern District of California
According to the settlement PayPal improperly handled disputed transactions on PayPal accounts and improperly placed holds, reserves, or limitations on accounts or closed or suspended accounts. In addition plaintiffs also allege that PayPal failed to provide them with annual error-resolution notices and monthly account statements allegedly required under the Electronic Fund Transfer Act.
Zepeda v. PayPal Settlement Administrator PO Box 4259 Portland, OR 97208-4259 877-854-4514